A Huge Hedge Fund Says Stocks Will Crash if Donald Trump Wins

On Tuesday, Bridgewater Associates sent out a note to its clients predicting that the Dow Jones Industrial Average could plunge nearly 2,000 points in one day if Trump is elected president. That would be the biggest one-day slump in stock market history, by more than double, besting the 777 point plunge that happened on October 29, 2008, at the high of the panic surrounding the financial crisis. The drop would translate into a 10.4% dive, and immediately send the stock market into correction territory.

That would erase nearly $1.9 trillion in value from U.S. stock market portfolios.

And it’s not just U.S. stocks that would collapse. Investment around the rest of the world would crumble as well, according to Bridgewater. The hedge fund predicted that both China and European stock markets could drop by roughly 11% as well.